Use whatever form is commonly used in your state or jurisdiction.

Please let us know exactly what kind of policy this is.

I would think the more common route is to have them sign a personal guarantee so they would be directly liable for unpaid monies even if their business folds. 

Thanks @Natalie Schanne , From the few comments it seems like I'm looking for a unicorn.To reiterate what you said, I have to find out professionals of my own (plumber, electrician, etc.) and have a property mgt. company, only to place tenants and collect money only.Assuming, placing a new tenant they charge separately and as for monthly fee they charge 10% of the rent, the cost seems kind of steep, don't you think ?

I learned about usury way back when... lender kind of schooled me when I was about 25.. and so I took my note to  that big law firm of Jacoby and Meyers.. 

It's kind of cool, and I appreciate the endless amount of content and learning to digest

In addition to what Ned said, I recommend walking the potential renter to their car and seeing what kind of condition it's in.

Unless its a multifamily home with a single meter and common areas who ever resides in the home should be responsible for all utilities.

Thanks @Harjeet BhattiThat's the kind of expertise I was looking for. 

I know it's highly unlikely that anyone with much common sense would do but I'm willing to bet there are some out there that have done it.